{"id":205189,"date":"2022-09-09T19:35:59","date_gmt":"2022-09-09T14:05:59","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=205189"},"modified":"2022-09-09T19:35:59","modified_gmt":"2022-09-09T14:05:59","slug":"fta-may-boost-indias-exports-to-bangladesh-by-10-billion-in-five-years","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/fta-may-boost-indias-exports-to-bangladesh-by-10-billion-in-five-years\/","title":{"rendered":"FTA may boost India’s exports to Bangladesh by $10 billion in five years"},"content":{"rendered":"\n

Source: <\/b>The post is based on the article<\/span> \u201cFTA may boost India’s exports to Bangladesh by $10 billion in five years\u201d <\/b>published in<\/span> Business Standard <\/b>on 9th September 2022<\/b><\/p>\n

What is the News?<\/b><\/h5>\n

According to a study, India\u2019s exports to Bangladesh may increase by an additional $10 billion in a time span of five years if both countries sign a free trade agreement (FTA).<\/span><\/p>\n

What is the current bilateral trade between India and Bangladesh?<\/b><\/h5>\n

The bilateral trade between India and Bangladesh has been growing significantly over the past few years.\u00a0<\/span>Currently, India enjoys the second-largest trade surplus with Bangladesh after the US.\u00a0<\/span><\/p>\n

Bangladesh became India\u2019s fourth-largest export destination in FY22 jumping five places in two years.<\/span><\/p>\n

How does an FTA between India and Bangladesh help both countries?\u00a0<\/b><\/h5>\n
\"FTA
Source: Business Standard<\/figcaption><\/figure>\n

India:<\/b>\u00a0India\u2019s exports to Bangladesh may increase by an additional $10 billion in a time span of five years if both countries sign a free trade agreement(FTA).<\/span><\/p>\n

\u2013 India\u2019s largest increase in exports to Bangladesh will be observed for motor vehicles, cotton, man-made filaments, iron and steel, plastic goods, paper and paper products.<\/span><\/p>\n

Bangladesh: <\/b>For Bangladesh, the potential of additional exports to India could range from $3 billion to $5 billion in a time span of 10 years if the FTA is signed.<\/span><\/p>\n

\u2013 Bangladesh export gains could occur in broad categories such as textile and apparel goods, containers of iron\/steel, plain woven fabrics of cotton, plastic products, leather bags, footwear, and processed foods such as biscuits among others.<\/span><\/p>\n

Note: <\/b>Bangladesh is on track to graduate from The Least Developed Country(LDC) status to developing country by 2026.<\/span><\/p>\n

\u2013 After this, Bangladesh will no longer be eligible to continue to put high tariffs and will have to provide duty-free quota-free market access to India under the existing (South Asian Free Trade Area) SAFTA commitments.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Source: The post is based on the article \u201cFTA may boost India’s exports to Bangladesh by $10 billion in five years\u201d published in Business Standard on 9th September 2022 What is the News? According to a study, India\u2019s exports to Bangladesh may increase by an additional $10 billion in a time span of five years… Continue reading FTA may boost India’s exports to Bangladesh by $10 billion in five years<\/span><\/a><\/p>\n","protected":false},"author":10317,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1566,164,9],"tags":[10503],"class_list":["post-205189","post","type-post","status-publish","format-standard","hentry","category-daily-factly-articles","category-international-relations-daily-factly-articles","category-public","tag-business-standard","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704716891},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/205189","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10317"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=205189"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/205189\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=205189"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=205189"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=205189"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}